A roundup of news and commentary from NGI’s LNG Insight
- Cheniere Energy Inc.’s Sabine Pass LNG export facility in Louisiana continues to ramp-up, with feed gas volumes hitting their highest point this week since the facility went offline for planned maintenance around June 1.
- Work hasn’t ended, but feed gas deliveries to the facility have been just above 4 Bcf/d this week, according to NGI data, up from about 2 Bcf/d late last week. There is over 5 Bcf/d of feed gas capacity available to the facility.
- An Asian unit of commodity trading giant Vitol Inc. has signed a three-year sales and purchase agreement for 0.5 million metric tons/year from the Bontang LNG plant in Indonesia on a free-on-board basis.
- The contract was awarded by a consortium of partners in the Merakes field’s East Sepinggan block, operated by a unit of Eni SpA.
- Vitol holds active contracts for up to 3.7 million metric tons/year (mmty) of offtake worldwide, including 1.4 mmty from Cheniere. The firm traded 13.7 million tons of LNG last year, according to the company.
- Korea Gas Corp., a large buyer of U.S. LNG and one of the largest LNG importers in the world, has agreed to help T&T Group develop LNG terminals and power projects in Vietnam to displace coal.
